Quote from: dclone on July 07, 2016, 05:24:24 PM

Quote from: wisebc on July 07, 2016, 05:02:07 PM

Quote from: Kostolany, Jr. on July 07, 2016, 06:28:05 AM

Quote from: wisebc on July 07, 2016, 06:07:50 AM

Quote from: Kostolany, Jr. on July 07, 2016, 05:35:22 AM

Quote from: FreeTrade on July 07, 2016, 04:30:21 AM

I've a motion that I'd like HOdler's input on -

http://nutocracy.herokuapp.com/arguments/that-an-open-source-gpu-solo-miner-would-be-a-welcome-development

Previously I hadn't encouraged the development of a GPU miner software as my judgement was that GPU miners would likely be dumpers. Now that miners will be required to be HOdlers, I think a GPU miner would be a welcome development as it will help to raise the network hashrate in the absence of pool dumpers. Please vote your views on this issue. The motion is advisory in nature.

makes sence, hodled "Aye!"

I don't think I'm going to vote anymore. All these decisions are being steamrolled one way or the other by the top hodlers. My vote means nothing up against someone with 20 times the voting power that I have so what's the point?

Well, than again, someone who has 20x voting power also has 20x higher risk when something goes wrong. Did you think of it that way?

And happening to have jumped into HODL very early on, or having access to superior mining equipment, or simply being able to buy HODL straight out in large quantities makes that person more informed in the ways of the crypto world, or gives them keener insight into the effects of doing something drastic like this hard fork, or what the effect of a GPU miner will have on the HODL market? Having money (or in this case HODL) does not make you smarter or more capable of making decisions like this. All of our investments in time and money are at risk here, not just those who are sitting at the top of the list. And as I said previously, a lot of the people urging as hard as they could to slow down and think about these things instead of charging forward are the best and brightest IN this little crypto world (I am not among them, but I can see pretty easily who those people are). They may not be holding all the HODL, but they certainly know what they're talking about. So who do you think we should be listening to?

It's even worse than you are describing. Voting appears to be based on the future value of coins, not the actual amount held by someone. So the people who got in with insane interest rates will always control the vote even though they have very few actual coins right now. So if those big bag holders vote that anyone will less than 1M HODL will have their terms extended by a year, they could.

https://www.reddit.com/r/Hodl/comments/4qrfny/nutocracy_of_the_nuts_for_the_nuts_and_by_the/d532lld